Series C Preferred Majority definition

Series C Preferred Majority means the holder(s) of more than fifty (50%) of the issued and outstanding Series C Preferred Shares.

Series C Preferred Majority means the holder(s) of more than fifty percent (50%) of the issued and outstanding Series C Preferred Shares.

Series C Preferred Majority means the holder(s) of at least six-one point zero zero percent (61.00%) (no rounding up or down) of the voting power of the issued and outstanding Series C Preferred Shares (voting together as a single class and on an as-converted basis).

Examples of Series C Preferred Majority in a sentence

• The Tax Matters Member shall not settle or compromise any such audit or proceeding without the prior express written consent of the Series C Preferred Majority (not to be unreasonably withheld, conditioned or delayed).

• The Corporation shall give ten (10) days prior Written Notice of any transaction described in this Section 7 for which consent of the Series C Preferred Majority is required; provided that any such ten (10) day period may be shortened or waived upon the written consent of the Series C Preferred Majority.

• The District has adopted Board Policy 6.01 which requires unassigned fund balance to equal at least 3 percent of General Fund revenues.

• Except to the extent otherwise provided in this Certificate or required by the DGCL, the Series C Preferred Majority may, via affirmative vote or written consent in lieu thereof, waive any rights of the holders of the Series C Convertible Preferred Stock set forth in this Certificate.

• Such conversion is referred to as a “Special Mandatory Conversion.” Notwithstanding anything to the contrary herein or in the Purchase Agreement, the Series C Preferred Majority may elect, by written notice sent to the Company at least five (5) business days prior to the consummation of the Second Tranche Closing (as defined in the Purchase Agreement), that this Section B12 shall not apply to such closing.

• Except to the extent otherwise provided in this Certificate or required by the DGCL, the Series C Preferred Majority may, via affirmative vote or written consent in lieu thereof, consent to any amendment of this Certificate, which amendment may alter, amend or otherwise waive any rights of the holders of the Series C Convertible Preferred Stock set forth in this Certificate.

• The Corporation shall give thirty (30) days prior Written Notice to all Holders of any transaction described in this Section 7 for which consent of the Series C Preferred Majority is required; provided that any such thirty (30) day period may be shortened or waived upon the written consent of the Series C Preferred Majority.

• The failure of a Series C Preferred Majority to object in writing to the Corporation to such action within twenty (20) days of the date of such notice shall constitute the written consent of such action by a Series C Preferred Majority under this Section 7.

More Definitions of Series C Preferred Majority

Series C Preferred Majority means, as of any date of determination, the holders of more than fifty one percent (51%), in the aggregate, of the then outstanding shares of Series C Convertible Preferred Stock.